Pension saving

Save for later and get tax relief now

Pension saving

Save for later and get tax relief now

Starting at just 10 euros a month

With an automatic savings order, it's easy to save for your pension each month

Save 30% in tax each year

The maximum amount subject to this tax relief is 960 euros in 2018.

Get started in five easy steps

You can open a pension savings fund using our Mobile app in just a few simple steps

Why you should start saving for your pension

In the short term: annual tax relief of 30%

The maximum amount that can qualify for tax relief in 2018 is 960 euros. The maximum tax break is therefore 288 euros  of what you earn in 2018 (not including the additional impact on local income tax liability). Because this is a tax break, it's naturally only attractive if you pay personal income tax.

Fact: over 500 000 of our clients save for their pension with us.

Look to the future: supplement your state pension

There is a good chance that your state pension may not be enough to maintain your lifestyle once you retire. Starting up a pension savings scheme is an excellent way to build up a supplement on top of your state pension.

The return you could get on your pension savings

Your return depends on the set-up you go for:

  • Pension savings fund
    A pension savings fund invests in stocks and bonds and is therefore susceptible to fluctuations on the financial markets. As a result, in the long term, chances are you will achieve a higher return but you nonetheless run a certain risk since the amount of your return and repayment of the capital you invest are exposed to market risk and cannot therefore be guaranteed.
  • Pension savings insurance 
    If you seek a higher degree of security, you're better to go for a pension savings insurance scheme. Each deposit you make earns guaranteed interest, right up until the final date of your contract. In addition, depending on the insurer's results, you may also be paid a profit share, but in this case that is not guaranteed.

The costs when saving for your pension

Every time you pay into your plan, you pay entry charges. If you opt for a pension savings fund, you also pay annual management fees, because the fund invests in stocks and bonds, which need to be actively monitored.

That said, there is a very favourable final tax charge, on top of the attractive tax relief and (potentially) high returns. The tax is generally payable on your 60th birthday. If you start with a tax-advantageous savings scheme after turning 55, the tax charge is due after ten years.

Note, however, that tax treatment will depend on your individual circumstances and can change in the future. For further details (including on the final tax charge), please see your local KBC Brussels branch or agency. 

 

What is the most I can save for my pension in 2018?

The maximum amount that qualifies for tax relief in 2018is 960 euros, which works out at 80 euros a month.

With KBC Brussels Touch and KBC Brussels Mobile, not only can you quickly see how much still has to be saved to reach that amount, you can make additional deposits in just a few taps or clicks. It couldn't be easier!  

Starting to save for your pension has never been easier

1 Open our KBC Brussels Mobile app and go to your accounts, tap the plus symbol at the top right and then ‘Open Pricos’ .
2 Get the relevant details of the pension savings fund you're buying into and read them carefully before tapping 'Open'.
3 Set up a standing order to save for your pension if you wish, indicating for how much, when it is to be paid and from which account.
4 Check your application details you're then shown, confirm, sign …and you're done!

Need help? There's always someone on hand to point you in the right direction. Make an appointment.

Starting to save for your pension has never been easier

1 Open our KBC Brussels Mobile app and go to your accounts, tap the plus symbol at the top right and then ‘Open Pricos’ .
2 Get the relevant details of the pension savings fund you're buying into and read them carefully before tapping 'Open'.
3 Set up a standing order to save for your pension if you wish, indicating for how much, when it is to be paid and from which account.
4 Check your application details you're then shown, confirm, sign …and you're done!

Need help when investing, regardless of the amount? There's always someone on hand to point you in the right direction. Make an appointment.

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